Financial Statements — PVLA
Balance Sheet
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 187.80 | 206.39 | 63.57 | 70.43 | 75.63 | 19.36 | 19.73 | 19.08 | 32.89 | 44.94 | 39.74 | 48.42 | 54.26 | 83.74 | 125.05 | 119.10 | 66.83 |
| Short-term Investments | 62.78 | 55.46 | -- | -- | -- | 0.00 | 0.00 | 0.00 | 11.92 | 9.94 | 8.64 | 21.40 | 26.68 | 16.53 | -- | -- | -- |
| Accounts Receivable | -- | -- | 0.00 | 0.00 | 0.00 | 0.37 | 1.49 | 1.84 | 1.05 | 0.95 | 1.06 | 0.83 | 1.26 | 1.64 | 6.65 | 2.80 | 15.81 |
| Total Current Assets | 253.03 | 263.23 | 66.94 | 73.75 | 79.44 | -- | -- | -- | 59.09 | 66.47 | 60.51 | 78.56 | 90.90 | 111.75 | 137.65 | 127.67 | 88.27 |
| Property, Plant & Equipment | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 16.16 | 16.71 | 15.90 | 17.43 | 18.85 | 19.61 | 20.37 | 20.51 |
| Total Non-current Assets* | 0.48 | 0.53 | 0.00 | 0.00 | 0.00 | -- | -- | -- | 0.29 | 21.07 | 21.75 | 20.60 | 23.41 | 25.37 | 26.54 | 27.36 | 27.51 |
| Total Assets | 253.51 | 263.76 | 66.94 | 73.75 | 79.44 | 20.52 | 25.05 | 29.50 | 59.38 | 87.54 | 82.26 | 99.16 | 114.31 | 137.12 | 164.18 | 155.03 | 115.79 |
| Accounts Payable | 6.79 | 5.44 | 3.48 | 4.56 | 4.44 | 0.80 | 0.97 | 1.52 | 2.82 | 7.60 | 5.83 | 3.64 | 1.90 | 4.50 | 3.56 | 2.31 | 3.47 |
| Total Current Liabilities | 11.95 | 9.12 | 10.31 | 9.62 | 8.98 | 4.25 | 6.35 | 7.53 | 28.87 | 34.37 | 42.88 | 33.52 | 35.55 | 39.48 | 49.70 | 43.93 | 30.27 |
| Total Non-current Liabilities* | 24.70 | 22.33 | 17.94 | 16.35 | 14.88 | 0.00 | 0.00 | 0.00 | 0.00 | 12.68 | 23.93 | 29.88 | 34.40 | 44.18 | 60.64 | 64.38 | 47.29 |
| Total Liabilities* | 36.64 | 31.45 | 28.26 | 25.97 | 23.86 | 4.25 | 6.35 | 7.53 | 28.87 | 47.05 | 66.80 | 63.40 | 69.94 | 83.67 | 110.33 | 108.31 | 77.55 |
| Retained Earnings | (173.09) | (151.22) | (122.74) | (111.39) | (101.92) | (326.33) | (323.45) | (319.86) | (310.38) | (299.63) | (303.60) | (282.32) | (272.58) | (262.24) | (247.61) | (231.08) | (215.58) |
| Total Stockholder Equity | 216.87 | 232.31 | 38.68 | 47.78 | 55.58 | 16.27 | 18.70 | 21.96 | 30.51 | 40.50 | 15.46 | 35.77 | 44.37 | 53.45 | 53.85 | 46.72 | 38.24 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.01 | 1.05 | 15.57 | 20.09 | 2.01 | 5.71 | 5.11 | 3.47 | 11.18 | 7.75 | 2.78 |
| Research & Development | 12.47 | 9.33 | 7.12 | 6.53 | 5.12 | 4.07 | 3.00 | -- | 0.75 | 1.22 | 4.45 | 9.60 | 14.33 | 13.42 | 13.38 | 13.59 | 11.95 | 14.07 | 15.36 | 18.94 |
| Selling, General & Admin | 8.93 | 5.52 | 4.18 | 3.65 | 4.13 | 3.80 | (5.20) | 3.58 | 3.43 | 4.14 | 2.33 | 6.84 | 3.66 | 4.02 | 3.99 | 3.95 | 4.08 | 4.38 | 4.09 | 4.13 |
| Total Operating Expenses | 21.41 | 14.86 | 11.30 | 10.18 | 9.25 | 7.87 | 1.43 | 3.14 | 4.18 | 5.36 | 5.80 | 31.33 | 17.99 | 17.45 | 17.36 | 17.54 | 16.03 | 18.45 | 19.44 | 23.07 |
| Operating Income | (21.40) | (14.85) | (11.30) | (10.18) | (9.25) | (7.87) | (1.48) | (3.13) | (4.18) | (5.30) | (4.50) | (11.81) | 2.06 | (15.51) | (11.52) | (12.17) | (12.33) | (7.46) | (11.00) | (19.01) |
| Pretax Income | (21.87) | (15.77) | (12.71) | (11.34) | (9.47) | (8.18) | (3.95) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (21.87) | (15.77) | (12.71) | (11.34) | (9.47) | (8.18) | (6.06) | (2.89) | (3.59) | (4.89) | (4.58) | (10.75) | 3.98 | (13.18) | (8.10) | (9.74) | (10.34) | (5.10) | (9.53) | (16.54) |
| Basic EPS | (1.52) | (1.20) | (1.08) | (1.03) | (0.86) | (0.74) | 1.07 | (2.19) | (2.76) | (3.95) | (0.03) | (0.11) | 0.05 | (0.18) | (0.11) | (0.13) | (0.14) | (0.07) | (0.13) | (0.24) |
| Diluted EPS | (1.52) | (1.20) | (1.08) | (1.03) | (0.86) | (0.74) | 1.01 | (2.19) | (2.76) | -- | -- | -- | 0.05 | -- | -- | -- | (0.14) | (0.07) | (0.13) | (0.24) |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (12.84) | (10.86) | (4.93) | (7.88) | (5.43) | (6.77) | (2.51) | 0.15 | (1.48) | (7.00) | (19.67) | (9.72) | (13.43) | (11.00) | (12.93) | (8.78) | (15.58) | (22.64) | (10.94) | (14.48) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | (0.01) | 0.07 | 0.07 | 0.05 | (0.01) | 0.03 | 0.63 | 0.39 | 0.34 | 0.35 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | -- | 0.15 | (1.48) | (7.00) | (19.66) | (9.79) | (13.50) | (11.04) | (12.92) | (8.81) | (16.21) | (23.03) | (11.29) | (14.83) |
| Investing Cash Flow | (7.03) | (55.44) | -- | -- | -- | -- | -- | 0.14 | 2.18 | 9.00 | 3.45 | (1.98) | (1.37) | 11.90 | 1.11 | 5.47 | (10.86) | (16.95) | (0.34) | (0.35) |
| Financing Cash Flow | 1.28 | 214.73 | (0.05) | 0.24 | 0.35 | (1.20) | 87.09 | 0.00 | 0.00 | -- | 0.01 | 0.00 | 19.78 | 0.00 | 0.09 | 0.28 | 0.28 | 6.56 | 4.90 | 21.92 |
* Derived from reported values
